“There’s a kind of universality to the kinds of problems that companies with leverageable data encounter,” said Haile Owusu, PhD, Chief Data Scientist at Mashable.
Shockingly, more data has been created in the past few years than the entire previous history of the human race, reported Sintef.
For those organizations that leverage this explosion of data, the rewards can be immense.
Baseline Magazine reported that for a typical Fortune 1000 company, just a 10% increase in data accessibility will result in more than $65 million in additional net income.
McKinsey found that retailers who successfully use big data can increase their operating margins by as much as 60%.
As the CDO Club and others have previously reported, this has resulted in a tidal wave of big data jobs, rivaling the succession of Chief Digital Officer hires.
Just check out our most recent Chief Data Officers Job Update to see how many Chief Data Officer appointments and job openings occurred just last month.
“It’s become a very prevalent role, and a very necessary role,” explained Jeff Hunter, previously VP, N.A. Leader, Business Information Management Group at Capgemini, now Partner, Risk Assurance at PwC.
“As we start to amass more data from digital interaction to create more data to store, there is more and more need to provide formality in not only science but also intuition: how you start to drag insights from that data.”
So how does an organization or Chief Data Officer find the proverbial needle in the big data haystack, and leverage actionable information from the mountains of data we acquire every day?
To find out, we assembled a panel of big data leaders at the 3rd annual NYC CDO Summit, sponsored by Capgemini, held at Thomson Reuters in NYC on April 29, 2015, to discuss their top big data strategies and experiences.
Panelists included, from left to right in the photo and video below:
- Jeff Hunter (moderator): previously VP, N.A. Leader: Business Information Management Group at Capgemini, now Partner, Risk Assurance at PwC
- Amen Mashariki: Chief Analytics Officer at NYC Mayor’s Office of Data Analytics
- Haile Owusu, PhD: Chief Data Scientist at Mashable
- John Caldwell: previously SVP Market Development & Business Operations at Neustar, now President & Founder at Lenox Street Consulting & member of board at StatSocial
- Christine Hung: previously Executive Director, Data Science & Engineering at The New York Times, now Head of Analytics Consulting at Spotify
Below are four case studies on how these digital and data leaders leveraged big data in their organizations.
CDO Club registered members can watch the video and read the rest of how Capgemini, Mashable, The New York Times, The City of New York, and Neustar use big data.
To register, visit here: http://cdoclub.com/membership.....
If you are tasked with understanding what digital and data leaders must do in order to succeed in almost any industry, the best place to learn more is at the CDO Summit.
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